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Melanie Jensen

utahhomes@melaniejensenrealestate.com +1(630) 707-7271

$ 2,200,000

Est. payment -/mo

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416 E SCOTT AVE Salt Lake City, UT 84115

18 Beds

12 Baths

8,958 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,958 sqft

Price per Sqft $245

Subdivision Plat A

MLS Listing ID 2162016

Style Stories: 2

Bedrooms 18

Construction Status Blt./Standing

HOA Y/N No

Year Built 1953

Annual Tax Amount $11,797

Lot Size 0.660 Acres

Acres 0.66

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

Investor Opportunity 6-Unit Multifamily Portfolio Rare opportunity to acquire three duplex buildings totaling six units with strong in-place income and meaningful rental upside. This well-maintained multifamily asset features updated interiors, spacious townhome-style floor plans, and a history of strong tenant demand, supporting stable occupancy and consistent cash flow. The property is currently operating at an approximate 4.66% cap rate with an estimated 35% expense ratio, providing immediate income for investors. Additional upside exists through rent growth, with market-supported rents projected at approximately $2,500 per unit, creating the potential to increase the cap rate to approximately 5.30% while further enhancing cash flow and overall asset value. Recent capital improvements and unit upgrades have positioned the property for continued performance while minimizing near-term maintenance requirements. The combination of large unit sizes, low-density configuration, strong in-place income, and clear value-add potential makes this an attractive opportunity for investors seeking both current yield and long-term appreciation. Buyer to verify all financial information, rental projections, and cap rate calculations."THREE DUPLEX buildings comprising SIX TOTAL UNITS, 416 Scott Avenue presents a compelling investment opportunity to acquire a well-maintained multifamily asset with high in-place income and significant upside potential. The property offers a desirable mix of UPDATED residences and spacious townhome-style layouts that appeal to long-term tenants and support strong occupancy. Recent capital improvements and unit enhancements have positioned the property for continued growth, while rental upside and additional value-add opportunities provide investors with a clear path to increased cash flow and long-term appreciation. The low-density configuration, oversized floor plans, and strong tenant demand further distinguish this asset from competing multifamily offerings in the market.

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Interior

Fireplace No

Exterior

Garage Spaces 8.0

Carport Spaces 2

View Y/N No

Present Use Residential

Total Parking Spaces 10

Private Pool No

Building

Architectural Style Stories: 2

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools None/Other

Middle Schools None/Other

High Schools None/Other

Others

Senior Community No

Tax ID 16-31-205-056

Virtual Tour https://kelsick-photography.aryeo.com/videos/019e4c30-666a-703c-9eae-51e83629be77

Listed by Mountainland Realty, Inc

Melanie Jensen

Agent

+1(630) 707-7271

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Melanie Jensen

416 E SCOTT AVE Salt Lake City, UT 84115

Key Details

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416 E SCOTT AVE